The US dollar slumped as President Trump’s tariff announcement sent shockwaves through global markets. With a 10% baseline tariff on imports, fears of a global economic slowdown intensified. Investors sought safe havens as stock markets and currencies faltered.
The US dollar slid while the euro firmed after President Donald Trump announced harsh new tariffs on imports, sending shockwaves through global markets. The 10% baseline tariff, with higher levies on key trading partners, is set to take effect on April 9, impacting around 60 countries.
The move escalates trade tensions, fuelling fears of a global economic slowdown. Investors scrambled for safe-haven assets, boosting the yen and Swiss franc, while US Treasury yields plunged. Stock markets also suffered as concerns over inflation and retaliatory measures grew.
European Commission President Ursula von der Leyen warned of potential countermeasures if diplomatic talks with Washington fail. Meanwhile, the euro strengthened, while the British pound surged to a five-month high. In contrast, Asian currencies weakened, with China’s yuan hitting a two-month low.
Market analysts caution that prolonged trade disruptions could weigh heavily on the US economy, increasing the likelihood of recession. However, some experts suggest Trump’s aggressive stance may be a negotiation tactic rather than a long-term economic strategy. As global markets remain on edge, investors await further developments that could determine the course of the unfolding trade conflict.
The planet is still on track to nearly 10 billion people by 2050, yet most families are having fewer children than they want. Longer lives, lower fertility and uneven migration now demand a rethink of how societies support parents and care for an ageing population.
Japan has lost its decades long status as the global top creditor to Germany. A recent report suggests that a weakening yen, appreciating euro and American tariffs are responsible.
Five fishermen—three Peruvians and two Colombians—arrived safely in the Galapagos Islands on Saturday after spending 55 days adrift in the Pacific Ocean, according to the Ecuadorian navy.
UN Secretary-General Antonio Guterres and Pakistan's Prime Minister Shehbaz Sharif engaged in their second call this week to discuss rising tensions in South Asia, stressing the need for restraint and diplomatic solutions.
North Korea held its first Pyongyang International Marathon in six years, with foreign runners from China and Ethiopia. The event marked the country's gradual reopening post-pandemic, celebrating Kim Il Sung's birthday. The marathon symbolized North Korea's cautious return to normalcy.
Mexico’s navy intercepted a submarine carrying 3.5 tonnes of cocaine off the coast of Guerrero, dealing a major financial hit to drug traffickers.
Lithuania has formally notified the United Nations of its decision to withdraw from the international treaty banning anti-personnel landmines, citing security concerns over Russia.
UN Secretary-General Antonio Guterres has condemned a US-supported aid operation in Gaza, calling it “inherently unsafe” and blaming it for civilian deaths.
Five senior Greek government officials, including a cabinet minister, have resigned amid an EU fraud investigation over the mismanagement of farming subsidies.
U.S. President Donald Trump has abruptly ended trade negotiations with Canada, citing Ottawa’s plan to implement a digital tax targeting major tech firms.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
In a televised address on Saturday night, U.S. President Donald J. Trump announced that American forces, in coordination with Israel, had conducted precision strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites, aiming to dismantle Tehran’s enrichment capabilities.
The US stock market closed at record highs Friday, with both the S&P 500 and Nasdaq rebounding from late-session losses triggered by trade tensions with Canada.
The European Commission has warned Meta that it may face daily fines starting 27 June if its modified pay-or-consent advertising model fails to meet EU antitrust requirements under the Digital Markets Act.
Nike plans to reduce its reliance on China for U.S.-bound products to offset the financial blow from President Donald Trump’s new tariffs, as the sportswear giant posted better-than-expected fourth-quarter results and a milder revenue forecast.
Nike is stepping back from China-based production for its U.S. market to dodge tariff-related costs, aiming to shift its sourcing strategy by 2026.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Mexico’s navy intercepted a submarine carrying 3.5 tonnes of cocaine off the coast of Guerrero, dealing a major financial hit to drug traffickers.
Lithuania has formally notified the United Nations of its decision to withdraw from the international treaty banning anti-personnel landmines, citing security concerns over Russia.
UN Secretary-General Antonio Guterres has condemned a US-supported aid operation in Gaza, calling it “inherently unsafe” and blaming it for civilian deaths.
Five senior Greek government officials, including a cabinet minister, have resigned amid an EU fraud investigation over the mismanagement of farming subsidies.
U.S. President Donald Trump has abruptly ended trade negotiations with Canada, citing Ottawa’s plan to implement a digital tax targeting major tech firms.
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